Blue Dart Express

BENGALURU (Reuters) - Indian courier services provider Blue Dart Express reported a 28.2% fall in quarterly profit on Wednesday, as high fuel costs hit margins, while demand also slowed.

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Blue Dart on Friday said it has set up 25 retail outlets in Tier-I and Tier-II towns as part of its expansion roadmap. Besides these 25 retails outlets, the company plans to establish 100 similar facilities. These stores have opened in Uttarakhand, Haryana, Uttar Pradesh, Rajasthan, Punjab, West Bengal, Odisha, Telangana, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Goa, and Gujarat, Blue Dart said in a statement. The company said it now serves over 55,400 locations. "Blue Dart's store expansion will increase accessibility for our customers and expand our network. To strengthen last-mile logistics to the farthest reaches of the country, we will continue to locate in new areas and broaden our reach," said Ketan Kulkarni, Chief Commercial Officer at Blue Dart.

Domestic courier company Blue Dart Express on Friday reported a marginal rise of 3.4 per cent in its consolidated net profit at Rs 93.6 crore for the quarter ended September 30, 2022. The company had posted consolidated net profit of Rs 90.5 crore in the year-ago period, it said in a BSE filing. The company's consolidated income during the July-September period increased to Rs 1,332.9 crore, over Rs 1,129.8 crore last year. Blue Dart Managing Director Balfour Manuel said the company is doing well due to balanced mix of growth and transformational projects.

Blue Dart said high inflation, rising interest rate, and high input costs have all taken a toll on the margins of the business

Margin levels could see an improvement on higher volumes, price hike

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Logistics service provider Blue Dart Express on Wednesday reported more than three-fold jump in consolidated profit after tax at Rs 118.79 crore in April-June 2022 quarter over the same period

Blue Dart Express posted 34 per cent revenue growth in 2021-22, assisted by 30 per cent growth in volumes; the rest came from higher realisations

Logistics services provider Blue Dart Express Ltd on Thursday reported an increase of 52.18 per cent in its consolidated net profit at Rs 136.97 crore for the fourth quarter ended March 2022.

The company had posted a consolidated PAT of Rs 95.30 crore in the corresponding quarter last year

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However, the company had posted a consolidated net loss of Rs 125.84 crore in the year-ago period, Blue Dart Express said in a filing to the BSE.

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